$ 6.91 Billion Growth Expected in Global Decorative Lighting Market 2021-2025 | Featuring Major Vendors Including Bridgelux Inc. and General Electric Co. | Technavio
NEW YORK, June 11, 2021 /PRNewswire/ —
The global decorative lighting market is expected to grow by USD 6.91 billion at a CAGR of over 4% during 2021-2025, according to the latest market research report by Technavio. This market report encapsulates not only the industrials industry value chain analysis but also features overall validation techniques employed for deriving the most accurate data insights.
Read the 120-page report with TOC on “Decorative Lighting Market Analysis Report by Product (Ceiling, Wall-mounted, and Others), Distribution Channel (Offline and Online), Geography (APAC, Europe, North America, South America, and MEA), and the Segment Forecasts, 2021-2025″. Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions.
The decorative lighting market is driven by the growing demand for energy-efficient decorative lighting products. In addition, evolving lighting product design concept leading to premiumization is anticipated to boost the growth of the decorative lighting market.
Consumers continuously look for energy-efficient products that consume less energy, long-lasting, and incur low electricity bills. Governments are also undertaking various initiatives and distinct activities to encourage the adoption of energy-efficient products. These factors are driving the demand for energy-efficient decorative lighting products. To capitalize on this demand, vendors in the market are introducing a wide range of energy-efficient chandeliers, pendant lights, flush mounts, table lamps, and other products. For instance, Generation Lighting offers LED products such as Orren Medium LED Chandelier and Ledgend Large LED Outdoor Sconce. Therefore, the rising demand for energy-efficient decorative products is expected to have a positive impact on the growth of the market during the forecast period.
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Major Five Decorative Lighting Companies:
AB Fagerhult: The company offers decorative lighting under the brands, Zkye 55 Pendant, Notor 65 Opal Wall, Skywalker, and other brands.
Acuity Brands Inc.: The company offers decorative lighting under the brand, Lithonia Lighting.
Bridgelux Inc.: The company offers decorative lighting under the brand, Bridgelux Décor Series.
General Electric Co.: The company offers decorative lighting under the brands, GE LED, GE HD Relax, and others.
Generation Lighting: The company offers decorative lighting under the brands, Beckham Classic Sconce, Capri Sconce, Beckham Modern Sconce, and others.
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Decorative Lighting Market Product Outlook (Revenue, USD Bn, 2020-2025)
- Ceiling – size and forecast 2020-2025
- Wall-mounted – size and forecast 2020-2025
- Others – size and forecast 2020-2025
Decorative Lighting Market Distribution Channel Outlook (Revenue, USD Bn, 2020-2025)
- Offline – size and forecast 2020-2025
- Online – size and forecast 2020-2025
Decorative Lighting Market Geography Outlook (Revenue, USD Bn, 2020-2025)
- APAC – size and forecast 2020-2025
- Europe – size and forecast 2020-2025
- North America – size and forecast 2020-2025
- South America – size and forecast 2020-2025
- MEA – size and forecast 2020-2025
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